About Crane Market
The crane market forms an integral part of the construction equipment market and co-witnesses the market falls. There are broadly three types of cranes: mobile cranes, marine and port cranes, and fixed cranes. Cranes can be categorized as per their load lifting capacity, lift height, and outreach.
The crane market in Japan grew by 22.8% year on year in 2014, driven by a rise in infrastructure construction. In December 2014, the government allocated $14 billion for reconstruction of infrastructures that were damaged during the 2011 tsunami and earthquake. This increase in construction activities is expected to increase the contribution of construction output to GDP from 9.68% in 2014 to 9.99% in 2019. Also, Tokyo being the host of 2020 Olympics will result in revamping and renovation of the existing infrastructure and development of new ones, which will lead to the growth of crane market in the country.
The report's analysts forecast the crane market in Japan to grow at a CAGR of 23.06% over the period 2014-2019.
Covered in this Report
In this report, Technavio covers the present and future market scenarios of the crane market in Japan for 2015-2019. The market size has been calculated based on unit sales of crane in Japan and excludes that generated from the sales of used equipment, contracts, and maintenance. The performance of the market has been presented on the basis of the CAGR derived from an analysis of present market conditions.
This market report, Crane Market in Japan 2014-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
- Hitachi Construction Machinery
- Kobelco Construction Machinery
Other Prominent Vendors
- Furukawa UNIC
- IHI Construction Machinery
- KATO Works
Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
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